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Compass files S-1, reveals $3.7B in revenue on net loss of $270M

TechCrunch

The company’s last fundraise was in July 2019, when Compass — a company that has built a three-sided marketplace for the real estate industry, along with a wide set of algorithms to help make it work — raised a $370 million round of funding. That financing valued Compass at $6.4 The company’s revenues have increased from $186.8

.Net 260
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Reef.ai is helping companies track and expand net revenue retention

TechCrunch

When it comes to measuring SaaS success, companies look at a number of key metrics, including annual recurring revenue (ARR) and net revenue retention (NRR). So think product telemetry, think marketing and engagement data, think support engagement data, etc. The latter measures the amount of recurring revenue from existing customers.

.Net 233
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Advanced Ionics nets $12.5M Series A to inject green hydrogen into heavy industry

TechCrunch

Instead, the startup is focused on heavy industry, which represents about a third of global emissions. Hydrogen is one of the main feedstocks for a vast majority of industrial processes,” Mason told TechCrunch+. Which is why Advanced Ionics is a hydrogen company that has nothing to do with transportation.

Industry 216
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The air taxi market prepares to take flight

TechCrunch

billion valuation, ranking itself as the highest-valued electric vertical take-off and landing (eVTOL) company in the industry. As in any disruptive industry, the forecast may be cloudier than the rosy picture painted by passionate founders and investors. Meanwhile, Joby’s net loss last year was $114.2

Marketing 277
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H1’s LinkedIn for the healthcare industry raises $58 million

TechCrunch

Create a version of LinkedIn that’s specifically for the healthcare industry, where professionals can find out not just who has what credentials, but also learn about the research those professionals are conducting and the specialties they have. H1 Insights is giving the healthcare industry the ultimate professional database.

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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

In 2015, Rehmann teamed up with his longtime business partner Steve Moran to explore Lake Victoria and perform some feasibility studies on how they could use technology to disrupt the country’s cold chain markets. They raised an angel round to start Victory Farms before launching in mid-2016 to serve a market with about a $1.5

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PassFort, a RegTech SaaS for KYC and AML, nets $16.2M

TechCrunch

It’s also hiring more staff in business development and marketing, and plans to significantly bump spending across marketing, sales and customer support roles as it gears up to scale up. ” PassFort says its revenues grew ~2.5x over the past 12 months. . ” PassFort says its revenues grew ~2.5x over the past 12 months.

.Net 252